Just last year, SAP celebrated the 25th anniversary of the founding of Ariba. A few years after the company was founded, Ariba Network was launched.
The concept was both simple and revolutionary: digitize the paper documents companies send, like purchase orders (POs) and invoices, and enable communication via a common digital language.
Innovation That Changed Procurement Forever
When it was introduced in 1998, Ariba Network took the exchange of procurement documents far beyond the realm of PDFs and e-mails. This was true data exchange. Overnight, companies gained the ability to send and receive POs and invoices electronically - system to system. And with digital versions of their documents, they saved time and money by delivering accurate invoices via three-way document matching (POs, invoices, goods receipt notices). This was a game changer that helped companies wrangle procurement spend and increase efficiency.
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